Ascent Resources PLC Management Changes (7571Y)
September 11 2015 - 2:00AM
UK Regulatory
TIDMAST
RNS Number : 7571Y
Ascent Resources PLC
11 September 2015
Ascent Resources plc
("Ascent" or "the Company")
Management changes
On 17 August 2015 the Company announced that Len Reece, Ascent's
CEO had resigned as a Director of the Company. Following further
discussions, the Company and Len Reece have entered into a
settlement agreement to terminate his employment effective from 10
September 2015. Colin Hutchinson, Finance Director, has become
interim Chief Executive and with the support of the non-executive
Directors will lead the day-to-day activities of the Company.
The board of Ascent would like to extend its thanks and
appreciation for Len's work in leading the Company over the past
three years. Len oversaw the move from a collection of disparate
assets spread over five countries to a focus on its prime Slovenian
asset. More recently he has been instrumental in moving the IPPC
permit forwards. We wish Len well for the future.
Enquiries:
Ascent Resources plc.
Clive Carver / Colin Hutchinson
Tel: +44 (0)20 7251 4905
finnCap (Nominated Adviser and Broker)
Christopher Raggett
Tel: +44 (0) 20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
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